As Switzerland experiences a severe shortage of nurses, this paper investigates the impact of students' ex ante wage …. This suggests that policies that increase returns from studying nursing can attract students to nursing. In addition, the …

, potential bias from unobserved heterogeneity and selectivity and consider the core issue of students' information on benefits …

wages given up as an employee. Information on income from self-employment is of inferior quality and this is not just a … that it is not only the location of an income distribution that matters and that dispersion and (a)symmetry should not be …-employment ; wage-employment ; income distribution ; income risk ; income skew ; income variance ; occupational choice ; labor market …

This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare …. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing … measurement error or transitory income shocks and an AR(1) component representing persistent changes in income. We use a tractable …

generates a higher income, but only for entrepreneurs: This finding supports Lazear's Jack-of-all-Trades theory. -- (Non …-)cognitive abilities ; intelligence ; earnings ; entrepreneur(ship) ; wage employment ; income differentials …

the compensation paid. In particular, because the degree of risk aversion ought to decrease with income, people should …